Tag: Royal Dutch Shell

Plans to build the Turkish Stream gas pipeline have reappeared on the political agenda of Moscow and Ankara. After the July 26-27 talks between Russian Deputy Prime Minister Arkady Dvorkovich and his Turkish counterpart, Mehmet Şimşek, both parties confirmed their willingness to resume a dialog on issues of mutual...

A recent New York Times article (8/7/16) detailed, in often scathing terms, what many media critics already knew: that think tanks are frequently not objective, neutral arbiters of information, but corporate- and government-funded agenda-promoters with an academic veneer to give the appearance of impartiality.
One of the two think tanks...

Exxon Mobil Corp. and Royal Dutch Shell Plc last week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years.
Welcome to year two of a supply...

Royal Dutch Shell has restarted purchasing crude oil from Iran, according to trade sources and ship-tracking data cited by Reuters.
The company’s resumption of business with the Middle Eastern country makes it the second oil major after the French firm Total to do so since international sanctions on Iran were...

DOHA - Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters.
The other bidders are the field's current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips, said...

Cheniere Energy reached a milestone on February 25, dispatching the first shipment of LNG from its facility at Sabine Pass, Louisiana. The LNG tanker Asia Vision departed the U.S., bound for Brazil. The fact that Petrobras would be the first to benefit from Cheniere’s operations speaks to the confused...

Chachengwa had been growing maize and cotton here her whole life. Every year, she took out loans for seeds and fertilizer, and then paid them back with her harvest. Since she lost her husband, she had relied on her two daughters and eight grandchildren to help tend her 75-acre plot.

BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday.
"BG has stopped work at 9A+ and 9B after failure to reach an agreement on the...

Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands.
Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, putting ownership of the biggest refinery in the U.S. in Saudi Arabia’s hands.
Shell and Saudi Aramco formed their Motiva...

Claude Turmes, a leading Member of the European Parliament for the Greens party, dropped a bombshell at a Brussels event yesterday (24 February) when he made allegations about Gazprom’s tactics to push the Nord Stream 2 gas pipeline project.
The five Western companies co-investing in Nord Stream 2 were told by Gazprom to stop...

Gulf Coast exports of liquefied natural gas, or LNG, are expected to loosen Russia’s dominance in the European energy market.
ABOARD THE INDEPENDENCE, Lithuania—On the deck of this floating gas terminal, Mantas Bartuska awaits a tanker to pass a narrow inlet on the Baltic Sea with the first natural gas...

Secret cable and Dutch government official confirm that Saudi Arabia’s war on Yemen is partly motivated by an ambitious US-backed pipeline fantasy.
Nearly 3,000 civilians have been slaughtered and a million displaced in Saudi Arabia’s noble aerial bombardment of Yemen, which is backed by the United States and Britain.
Over 14...

The defense industry spent $56,272,948 to influence Washington last year, but they weren’t the only ones urging Congress and Obama for more war.
WASHINGTON — The defense industry spent millions lobbying the federal government last year, but they weren’t the only ones urging the country toward more war. Countries like...

MOSCOW — European businesses were set Sunday to speed back onto the Iranian market, hours after crippling international sanctions were lifted on Iran in exchange for Tehran’s pledge to put its nuclear program on ice.
The flurry of investor excitement and the sheer size of Iran’s economy had some analysts...

Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in its refining assets rather than the parent.
While that would lock private capital out...

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices.
The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return...

Africa’s largest economy is seeking to diversify away from oil into mining and other sectors, amid low fuel prices and environmental concerns.
That was the message from Muhammadu Buhari, president of Nigeria, on Wednesday as he presented his first budget since taking office in May.
“The Nigerian economy needs to move away from...

EU and U.S. officials fear project could undermine the economic and political stability of Ukraine.
BRUSSELS - German Chancellor Angela Merkel found herself under pressure on Friday from other Europe Union leaders over her government’s support for a natural-gas pipeline from Russia that others fear could further undermine the economic...

The issue of Nord Stream 2 will be discussed at the 17-18 December EU summit, but the exchange is unlikely to go very far because the countries opposing the project use legal arguments which are not widely accepted, analysts told EurActiv.
At least seven countries from Central Europe have taken...

Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian air force jet, two sources at Russian gas giant Gazprom told Reuters.
The Kremlin has imposed trade sanctions on Turkey over last week's jet incident...

The oil industry ties behind think tanks' push to repeal the crude oil export ban. Over the past two years, nine of the most frequently cited US think tanks have released reports endorsing crude oil exports, sent experts to advocate exports in Congressional testimony, and published op-ed columns supporting a repeal of the ban on exporting crude oil.

US, British, French, Israeli and other energy interests could be prime beneficiaries of military operations in Iraq and Syria designed to rollback the power of the ‘Islamic State’ (ISIS) and, potentially, the Bashar al-Assad regime.
A study for a global oil services company backed by the French government and linked...

By opening up an additional route for cheap Russian gas to Germany, the Nord Stream 2 pipeline project may look like a good deal for Europe. However, its advantages are primarily short term, writes Agata Loskot-Strachota of the Centre for Eastern Studies (OSW) in Poland. In the longer term...

“After the initial shock, denial, panic and capitulation, oil producers, service providers, and energy investors must view the future differently based on the lower-for-longer oil price scenario, or risk their own.”
Investment firm Oppenheimer (OPY) said this in a recent note. The folks there must agree with us...there’s more pain...

The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost.
The Middle Eastern country is one of the cheapest places in the world to tap new...

Qatar's sovereign wealth fund has had a quarter to forget — suffering as much as $12 billion of losses on Volkswagen, Glencore and Agricultural Bank of China, three of the biggest equity investments of its roughly $250 billion fund.
With two days of the third quarter to go, the Qatar...

Much of the energy discussion surrounding the lifting of Iranian sanctions has focused on the effects on oil prices, but Iran’s gas potential could shake up global gas markets and provide robust economic benefits for the country. Iran’s gas reserves are the second largest in the world (the largest...

INTRODUCTION
Where did ISIS come from? How was it able to gain land, arms and money so quickly?
This book will answer those questions ... and unmask ISIS.
Part 1 shows that the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS.
Part 2 reveals...

The decline in the oil price has plunged Africa's oil and gas industry into dire straits, a situation made worse by factors such as uncertain regulation, corruption and the prospect of political and social instability.
It is a particular burden on those economies most reliant on the industry for revenue,...